How Will Cavalier’s New GM Drive Crawford Gold Project to Production?

• Appointment of Colin Bald as General Manager Operations with 30 years’ global mining experience
• Revised Pre-Feasibility Study (PFS) confirms stable pit design and A$9.8M capital expenditure
• Stage 1 targets 23,467 ounces of gold production with low all-in sustaining costs
• Financial metrics include NPV8 of A$51.7 million and IRR of 580% at A$4,600/oz gold price